Wilkinson Global Asset Management LLC Decreases Stake in McDonald’s Co. (NYSE:MCD)

Wilkinson Global Asset Management LLC cut its holdings in shares of McDonald’s Co. (NYSE:MCD) by 1.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,795 shares of the fast-food giant’s stock after selling 90 shares during the period. Wilkinson Global Asset Management LLC’s holdings in McDonald’s were worth $2,241,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Gilbert & Cook Inc. grew its holdings in McDonald’s by 20.7% during the fourth quarter. Gilbert & Cook Inc. now owns 4,384 shares of the fast-food giant’s stock valued at $1,300,000 after purchasing an additional 753 shares during the period. Aveo Capital Partners LLC grew its stake in shares of McDonald’s by 14.5% during the 4th quarter. Aveo Capital Partners LLC now owns 1,899 shares of the fast-food giant’s stock valued at $563,000 after acquiring an additional 240 shares during the period. 9258 Wealth Management LLC increased its holdings in McDonald’s by 4.2% in the 4th quarter. 9258 Wealth Management LLC now owns 2,796 shares of the fast-food giant’s stock worth $829,000 after acquiring an additional 113 shares in the last quarter. Gryphon Financial Partners LLC raised its stake in McDonald’s by 99.3% during the 4th quarter. Gryphon Financial Partners LLC now owns 5,892 shares of the fast-food giant’s stock worth $1,722,000 after acquiring an additional 2,935 shares during the period. Finally, Kovitz Investment Group Partners LLC raised its stake in McDonald’s by 4.3% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 5,987 shares of the fast-food giant’s stock worth $1,775,000 after acquiring an additional 249 shares during the period. 70.29% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

MCD has been the subject of a number of analyst reports. Barclays reduced their price objective on shares of McDonald’s from $320.00 to $300.00 and set an “overweight” rating for the company in a research note on Tuesday, July 30th. BMO Capital Markets cut their price target on McDonald’s from $330.00 to $315.00 and set an “outperform” rating for the company in a research note on Tuesday, July 30th. Stifel Nicolaus lowered their price objective on McDonald’s from $285.00 to $265.00 and set a “hold” rating on the stock in a research report on Monday, July 22nd. Bank of America dropped their price objective on McDonald’s from $288.00 to $278.00 and set a “neutral” rating for the company in a research note on Tuesday, July 30th. Finally, Tigress Financial lifted their target price on McDonald’s from $355.00 to $360.00 and gave the company a “buy” rating in a research note on Tuesday, September 3rd. Eleven equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $303.67.

Insider Activity

In related news, insider Joseph M. Erlinger sold 1,098 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $288.70, for a total transaction of $316,992.60. Following the completion of the sale, the insider now directly owns 12,583 shares of the company’s stock, valued at approximately $3,632,712.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other McDonald’s news, EVP Marion K. Gross sold 1,498 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $286.36, for a total value of $428,967.28. Following the transaction, the executive vice president now directly owns 1,560 shares in the company, valued at approximately $446,721.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Joseph M. Erlinger sold 1,098 shares of McDonald’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $288.70, for a total transaction of $316,992.60. Following the sale, the insider now directly owns 12,583 shares of the company’s stock, valued at approximately $3,632,712.10. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,291 shares of company stock valued at $1,689,073. 0.23% of the stock is currently owned by insiders.

McDonald’s Trading Up 0.5 %

NYSE:MCD traded up $1.54 during midday trading on Friday, hitting $289.51. 3,863,559 shares of the company traded hands, compared to its average volume of 3,505,613. The firm has a market capitalization of $208.64 billion, a P/E ratio of 24.58, a P/E/G ratio of 3.86 and a beta of 0.72. The firm’s fifty day moving average is $268.64 and its 200-day moving average is $270.76. McDonald’s Co. has a 12-month low of $243.53 and a 12-month high of $302.39.

McDonald’s (NYSE:MCD) last announced its earnings results on Monday, July 29th. The fast-food giant reported $2.97 earnings per share for the quarter, missing the consensus estimate of $3.07 by ($0.10). McDonald’s had a net margin of 32.25% and a negative return on equity of 178.68%. The firm had revenue of $6.49 billion during the quarter, compared to analysts’ expectations of $6.62 billion. During the same period in the prior year, the company posted $3.17 EPS. The company’s revenue was down .1% compared to the same quarter last year. On average, research analysts expect that McDonald’s Co. will post 11.67 EPS for the current fiscal year.

McDonald’s Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd will be given a dividend of $1.67 per share. The ex-dividend date is Tuesday, September 3rd. This represents a $6.68 annualized dividend and a dividend yield of 2.31%. McDonald’s’s dividend payout ratio (DPR) is presently 56.71%.

About McDonald’s

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.